US STOCKS-Robust economic data, easing trade worries push Wall Street higher
U.S. stocks hit a one-month high on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased concerns of a domestic slowdown. Earlier, China's Commerce Ministry said its trade team would lay the groundwork with their U.S. counterparts in mid-September for the October talks, providing relief for markets around the globe that have been bruised by the drawn-out trade war. Technology stocks provided the biggest boost to S&P 500, rising 1.72%, while financials jumped 1.96%, the most among the 11 major S&P sectors.
Published:9/5/2019 12:56:30 PM